January 23, 2012

Notice of the Changes of Representative Directors

Tokyo, Japan-DIC Corporation hereby announces the following changes in its Representative Directors pursuant to a resolution adopted at the meeting of its Board of Directors held today. These changes will be implemented to rejuvenate management with the aim of revitalizing the Company and spurring a dramatic improvement in business performance.

Changes of Representative Directors

・Date changes will go into effect
April 1, 2012

・New Representative Directors
Yoshiyuki Nakanishi (Current position: Director and Executive Officer)
*   Mr. Nakanishi will also assume the position of President and CEO.

Masayuki Saito (Current position: Director and Managing Executive Officer)
*   Mr. Saito will also assume the position of Senior Managing Executive Officer.

・Resigning Representative Directors
Kazuo Sugie (Current position: Representative Director, President and CEO)
*   Mr. Sugie will resign as Representative Director, President and CEO and assume the position of Director and Chairman of the Board. (Dr. Koji Oe, currently Director and Chairman of the Board, will resign as Chairman of the Board effective April 1, 2012, and as Director effective the date of the next ordinary general meeting of shareholders, to be held in June 2012.)

Kaiji Yamaki (Current position: Representative Director and Executive Vice President)
*   Mr. Yamaki will resign as Representative Director and Executive Vice President and assume the position of Advisor. He will resign as Director and Advisor effective the date of the next ordinary general meeting of shareholders, to be held in June 2012.

・Curriculum Vitae of New Representative Directors

Yoshiyuki Nakanishi
Date and place of birth:  
November 3, 1954; Tokyo, Japan

Education:
March 1978   Graduated from Waseda University (Faculty of Commerce)

Career:
June 2011      Director and Executive Officer; In Charge of Corporate Strategy Division and DIC Kawamura Memorial Museum of Art
April 2010      Executive Officer; In Charge of Corporate Strategy Division and Kawamura Memorial Museum of Art
April 2008      President of Functional Polymers Division
April 2006      Deputy Division President of Coating Resins Division
April 1978      Joined Dainippon Ink & Chemicals, Incorporated (the present DIC Corporation)

Number of shares owned:             
17,000 shares (as of January 23, 2012)

Masayuki Saito
Date and place of birth:   
November 8, 1954; Tokyo, Japan

Education:
March 1978    Graduated from Keio University (Faculty of Commerce)

Career:
April 2011        Director and Managing Executive Officer; In Charge of Finance and Accounting Division
June 2010        Director and Executive Officer; In Charge of Finance and Accounting Division
April 2008        Executive Officer; In Charge of Finance & Accounting Division
April 2007        General Manager, Finance Department
May 2004         Managing Director, DIC Asia Pacific Pte Ltd
January 2002   General Manager, Corporate Strategic Planning Department
April 1978        Joined Dainippon Ink & Chemicals, Incorporated (the present DIC Corporation)

Number of shares owned:
53,000 shares (as of January 23, 2012)         

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